Clay Sparkman
I recently came across this five year old (but still very relevant) article written for David C. Scott for the Scotsman Guide
5 Things to know about private construction loans
It seems to fir pretty well with my own overall perception. As such, I thought I would publish it here and then go on to discuss our outfit and the things that you need to know about brokering/borrowing private money from us for construction related projects. So here you go.
We work with many real estate investment borrowers such as your self. We currently fund in OR, WA, CA, CO, MT, ID, WY, AK, OK, GA, TX, NY, FL, and NV (though we particularly favor OR, WA, CO, MT, and NV at this time)
I recommend that you begin by reviewing our web site in some detail. You will find all of the info regarding our rates, fees, criteria, etc, at www.privatemoneysource.com.
In particular, look at the FAQ for rehab and construction loans: http://www.privatemoneysource.com/articles/rehabfaq.php
Also, make a point of reading the following article on how we expect you to make your case for value on properties that you are buying: http://www.privatemoneysource.com/articles/comps.php
Our loan programs are outlined at: http://www.privatemoneysource.com/commercial_loans.php
We have also recently begun offering a 6 month loan at 3%, with an option to extend (assuming good pay) for an additional 6 months at 3%.
Our general guidelines are discussed at: http://www.privatemoneysource.com/guidelines.php
Our process is described in some detail at:
http://www.privatemoneysource.com/process.php
And our packaging guidelines are described in detail at the following link:
http://www.privatemoneysource.com/packaging.php
For more information regarding our company in general see: http://www.privatemoneysource.com/hard_lender.php
Having reviewed these items, you will have a much better idea how to work with us on general investment, construction, development, and rehab loans, but undoubtedly you will have questions and would like to speak with us further. Please either e-mail me directly with your questions (clay@privatemoneysource.com) or call 503-476-2909.
Also, if you want to submit a summary loan request, please click on the following link. It should only take a few minutes.
http://www.privatemoneysource.com/loanproposal.php
– Clay
Clay is Vice President of Fairfield Financial, a primary source for private money since 1964. Fairfield is currently targeting loans in OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX. To submit a loan to Fairfield for consideration, please click on the following link: http://www.privatemoneysource.com/loanproposal.php
Tags: commercial lenders, Commercial loans, construction loans, hard money borrowing, hard money brokering, hard money loans, Idaho, Las Vegas, Montana, Multifamily, Nevada, Oregon, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate rental, rehab loans, Washington
